Pool Co. (NASDAQ:POOL) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in Pool Co. (NASDAQ:POOL) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,760 shares of the specialty retailer’s stock after selling 862 shares during the period. Truist Financial Corp’s holdings in Pool were worth $8,783,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in POOL. Berkshire Hathaway Inc acquired a new stake in Pool in the third quarter worth $152,249,000. JPMorgan Chase & Co. increased its position in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after buying an additional 232,914 shares during the period. International Assets Investment Management LLC increased its position in Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after buying an additional 137,445 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Pool in the third quarter worth $40,750,000. Finally, Lord Abbett & CO. LLC increased its position in Pool by 44.3% in the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after buying an additional 66,791 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Price Performance

NASDAQ:POOL opened at $344.00 on Friday. The business’s 50-day moving average price is $343.47 and its 200 day moving average price is $355.62. The firm has a market cap of $13.09 billion, a P/E ratio of 29.60, a PEG ratio of 1.93 and a beta of 1.03. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.89% and a net margin of 8.42%. As a group, sell-side analysts predict that Pool Co. will post 11.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

POOL has been the topic of a number of research analyst reports. Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital raised their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company lowered their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.